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Obama: Drill Brazil Drill?

Obama: Drill, Brazil, Drill!

Investors Business Daily Editorial
Posted 03/21/2011 07:08 PM ET

Energy Policy: While leaving U.S. oil and jobs in the ground, our itinerant president tells a South American neighbor that we'll help it develop its offshore resources so we can one day import its oil. WHAT?!?

With Japan staggered by a natural disaster and a nuclear crisis, cruise missiles launched against Libya in our third Middle East conflict and a majority of U.S. senators complaining about a lack of leadership on the budget, President Obama decided it would be a good time to schmooze with Brazilians.

His "What, me worry?" presidency has given both Americans and our allies plenty to worry about. But in the process of making nice with Brazil, Obama made a mind-boggling announcement that should make even his most loyal supporter cringe:

We will help Brazil develop its offshore oil so we can one day import it.

We have noted this double standard before, particularly when — at a time when the president was railing against tax incentives for U.S. oil companies — we supported the U.S. Export-Import Bank's plan to lend $2 billion to Brazil's state-run Petrobras with the promise of more to follow.

Now, with a seven-year offshore drilling ban in effect off of both coasts, on Alaska's continental shelf and in much of the Gulf of Mexico — and a de facto moratorium covering the rest — Obama tells the Brazilians:

"We want to help you with the technology and support to develop these oil reserves safely. And when you're ready to start selling, we want to be one of your best customers."

Obama wants to develop Brazilian offshore oil to help the Brazilian economy create jobs for Brazilian workers while Americans are left unemployed in the face of skyrocketing energy prices by an administration that despises fossil fuels as a threat to the environment and wants to increase our dependency on foreign oil.

Obama said he chose Brazil to kick off his first-ever visit to South America in recognition of that country's ascendancy. He has also highlighted one of the reasons for America's decline — an energy policy that through the creation of an artificial shortage of fossil fuels makes prices "necessarily skyrocket" to foster his green energy agenda.

In an op-ed in USA Today explaining his trip, Obama opined: "Brazil holds recently discovered oil reserves that could be far larger than ours. And as we seek to increase secure-energy supplies, we look forward to developing a strategic energy partnership."

Yet in his alleged quest for "secure-energy supplies," he refuses to develop oil and natural gas resources in U.S. waters. His administration has locked up areas in the West where oil shale reserves are estimated to be triple Saudi Arabia's reserves of crude. His administration is even stalling on plans to build a pipeline to deliver oil from Canada's tar sands to the U.S. market.

That project would build a 1,661-mile pipeline from the tar sands of Alberta to U.S. refineries near Houston. It would create 13,000 "shovel-ready" jobs and provide 500,000 more barrels of oil per day from an ally.

Yet it's now being held up by the State Department because it crosses an international border, on the grounds that it needs further environmental review. Shipping oil by tanker from Brazil is safer and more secure?

If Brazil had copied our current energy policy, it wouldn't have discovered in December 2007 the Tupi field, estimated to contain 5 billion to 8 billon barrels of crude, or its Carioca offshore oilfield that may hold up to 33 billion barrels.

Haroldo Lima, head of Brazil's National Oil Agency, estimates that Carioca might hold as much as five times the reserves of Tupi. Somehow the Brazilians aren't too worried about oil spoiling the pristine beaches of nearby Sao Paulo or Rio de Janeiro in the tourist season.

We suggest that President Obama return home and start worrying about an unapologetic American renaissance in which we focus more on American energy and American jobs and less on mythical environmental hazards and foreign accolades.
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This is dated Aug 2008 but look at this statements at the bottom.
First didn't we just hear last year that we didn't have adequate safety procedures for the 5,000'+ Deepwater Horizon?
But it is safe enough for Brazil to drill 13,000+ ?
Also found that "date prediction" interesting as well as the "guard dog philosophy" at the end.

"Right now now production is around 1.76 barrels a day. By 2022, Brazil hopes this will double. These results won't come without challenges of coarse. Many of the major oil discoveries off the coast of Brazil are very deep below the earths surface, sometimes up to 2,000 kilometers deep below the Santos Basin. These hard to drill areas are very costly as they are made up of salt rock and sand beds. Petrobras is rumored to be buying around 16 drilling ships to for Tupi and Carioca fields. They are also still working on technology that will allow them to drill effectively this deep. The Cost? Try over 200 Billion Dollars! This cost is manily because most of the oil is below 7,000 feet of water and then another 6-7,000 feet of thick sub sea salt.With oil expected to go back above $100 per barrel in 2011,this huge price tag would be worth it if in fact they can extract all of that oil. To guard the oil, Brazil plans to use a $600 million nuclear-powered submarine to protect the country's offshore fields, said Defense Minister Nelson Jobim.August 8th, 2008"

So we're going to help Brazil develop oil so they can turn & buy weapons from the French & develop space? And not do crap about Bakken? And de-fund NASA?

Interesting though, that in a nice little energy for arms deal with the French
"Brazilian engineers will also be solely responsible for building the nuclear engine of the atomic-powered submarine, http://www.kbismarck.org/forum/viewt...hp?f=24&t=1840
"It also plans missile/aerospace development Brazil may send more troops to protect the Amazon and develop a nuclear submarine to guard offshore oil fields as part of a defense plan being submitted to President Luiz Inacio Lula da Silva. The plan, led by the Strategic Affairs and the Defense ministries, also calls for the Air Force to take over the nation’s aerospace program to help develop missiles and monitor its air space, according to an e-mailed statement today."http://www.bloomberg.com/apps/news?p...=latin_america

Anyone seeing a problem with this picture?

"It's not that government is inherently stupid, although that's a debatable question."
Rand Paul CPAC speech 2011

I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it. Thomas Jefferson to Archibald Stuart, 1791
________________________________________
Proud partner of (HR) WR SR Brian's 44Magnum Monster
co-owned by HR Rianne's 2nd Chance Hurricane Rebel

http://www.cnn.com/2010/POLITICS/03/...ex.html?hpt=T1Roughly two-thirds of available oil and gas resources in the eastern Gulf of Mexico would be opened to drilling if a congressional moratorium on oil and gas operations in the region is lifted, according to the statement. Drilling would occur more than 125 miles off the Florida coast.

Looks to me like President Obama is in favor of off shore drilling but Congress has to lift the moratorium on drilling in the Eastern Gulf of Mexico and off shore of Florida.

Obama Administration Lifts Off-Shore Drilling Moratorium

October 12, 2010 3:36 PM

After an extensive government review, the Secretary of the Interior announced this afternoon that the Obama administration is lifting its moratorium on deepwater drilling, but cautioned that offshore rigs will not resume drilling until operators meet new federal requirements on safety, spill response and blowout containment.
“I have reviewed Director Bromwich’s report many times and it affirms that through our reform agenda, we have made, and continue to make, significant progress in reducing the risks associated with deepwater drilling,” Secretary of the Interior Ken Salazar said on a conference call with reporters. “Therefore, based on Director Bromwich’s report, other information we have gathered and intensive deliberations that I have had with him, I have decided that it is now appropriate to lift the suspension on deepwater drilling for those operators that are able to clear the higher bar we have set.”
Salazar said that before drilling may resume in deepwater sites, the CEOs of drilling operators must certify that the drilling rig has complied with all new and existing rules – including new safety rules, worse-case discharge planning requirements, testing protocols and third party verifications.
“In the three areas of concern I identified when I put the temporary suspensions in place, we have made significant progress and reduced the risks,” Salazar added.
The secretary added that with the Maconda Deepwater Horizon well now capped and killed, government oil spill response resources in the Gulf are now freed up and readily available in the event of any new emergency once drilling resumes.
Salazar said he reached the decision after reviewing an Oct. 1 report from of the Bureau Ocean Energy Management, Regulation and Enforcement (BOEM) Michael R. Bromwich.

When the oil spill in the Gulf of Mexico happened it changed things dramaticaly. If the spill had not happened I believe the eastern gulf of mexico and the eastern seaboard would have been opened to off shore oil drilling.

Of course our George Soros puppet and Kenyan President would much prefer to help create jobs and industry in Brazil with American taxpayer money. Just remember that his two mandates as President are to debauch the currency and overturn our society. As long as you understand this everything he does makes sense. What was the February deficit again?

Did he bow to the Petrobras CEO or anybody else while on his South American vacation? And speaking of oil, how many have been killed in Libya while the War President is dining on kobe steaks and vacationing with his lovely family?

Of course our George Soros puppet and Kenyan President would much prefer to help create jobs and industry in Brazil with American taxpayer money. Just remember that his two mandates as President are to debauch the currency and overturn our society. As long as you understand this everything he does makes sense. What was the February deficit again?

Did he bow to the Petrobras CEO or anybody else while on his South American vacation? And speaking of oil, how many have been killed in Libya while the War President is dining on kobe steaks and vacationing with his lovely family?

We live in Cuba now.

Not nearly as many innocent people that have been killed in Iraq or Afghanistan wars.

Looks to me like President Obama is in favor of off shore drilling but Congress has to lift the moratorium on drilling in the Eastern Gulf of Mexico and off shore of Florida.

Obama Administration Lifts Off-Shore Drilling Moratorium

October 12, 2010 3:36 PM

Roger, you have posted or assumed many inaccuracies.

First, though the ban was lifted in the west, until last Friday only one new drilling permit was issued for the western gulf. There is more oil in the western gulf than the eastern section. By not issuing any new permits, Obama was able to circumvent a court order to lift the ban.

The eastern ban will never be lifted as long was we have the reserves we do in the west.

Second, it is the high price per barrel that has finally forced Oabama to cede his ban because elections are right around the corner. His policy is to import as actions speak louder than his rhetoric.

The Chinesse are getting ready to start thier drilling off Cuba in the waters between Miami. You can bet thye will use the latest technology in directional drilling tapping into US reserves.

Only a blind man can't see how hostile Obama is towards domestic drilling.

First, though the ban was lifted in the west, until last Friday only one new drilling permit was issued for the western gulf. There is more oil in the western gulf than the eastern section. By not issuing any new permits, Obama was able to circumvent a court order to lift the ban.

The eastern ban will never be lifted as long was we have the reserves we do in the west.

Second, it is the high price per barrel that has finally forced Oabama to cede his ban because elections are right around the corner. His policy is to import as actions speak louder than his rhetoric.

The Chinesse are getting ready to start thier drilling off Cuba in the waters between Miami. You can bet thye will use the latest technology in directional drilling tapping into US reserves.

Only a blind man can't see how hostile Obama is towards domestic drilling.

Published: March 31, 2010

WASHINGTON — The Obama administration is proposing to open vast expanses of water along the Atlantic coastline, the eastern Gulf of Mexico and the north coast of Alaska to oil and natural gas drilling, much of it for the first time, officials said Tuesday.
The proposal — a compromise that will please oil companies and domestic drilling advocates but anger some residents of affected states and many environmental organizations — would end a longstanding moratorium on oil exploration along the East Coast from the northern tip of Delaware to the central coast of Florida, covering 167 million acres of ocean.